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Indian News

Cabinet approves Rs 6,000 Atal Bhujal scheme for ground water management

ccording to a study by the federal government think tank NITI Aayog, 21 Indian cities will run out of groundwater by next year, including the capital New Delhi and the information technology hub of Bengaluru. Two hundred thousand Indians already die every year because they don’t have a safe water supply, the report said. A shocking 600 million people face “high to extreme” water stress.

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Total frauds at banks rise 74% to Rs 71,543 crore in 2018-19: RBI

“Public sector banks accounted for a bulk of frauds reported in 2018-19 — 55.4 per cent of the number of cases reported and 90.2 per cent of the amount involved — mainly reflecting the lack of adequate internal processes, people and systems to tackle operational risks,” the RBI’s report on ‘Trends and Progress of Banking 2018-19’ showed.

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Has India’s growth slowdown bottomed out? Animal spirits indicate so

The dominant services index rebounded last month, driven by higher orders and strengthening business confidence. The IHS Markit India Services Purchasing Managers’ Index rose to a four-month high of 52.7 in November, the first time in three months that the reading has been above the 50 mark, which indicates expansion. The index is still below its long-run average of 54.2.

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